Real Estate News Highlights: Rising Supply, Expanding Foreign Capital and Accelerating Urban Planning
The real estate market is seeing a series of notable developments in major urban areas. In Ho Chi Minh City, foreign organizations and individuals have purchased 3,297 apartments in commercial projects from after the merger through the end of October, including 316 units that have been issued ownership certificates. In contrast, nearly 3,800 vacant apartments in the Thu Thiem new urban area have been given a starting auction price of approximately VND 18.253 trillion. The shophouse market is also under pressure, as many properties in Ho Chi Minh City are seeking new tenants because brands are facing difficulties in their business operations. Meanwhile, some investors continue to hold their properties despite annual borrowing costs of up to 12.4 percent, expecting the market to recover next year. Supply and urban planning remain key topics in several localities. Hanoi is forecast to see around 35,000 apartments launched in 2027, concentrated mainly in suburban areas. The city is also ...